BlackRock MuniAssets Fund, Inc. (MUA) To Go Ex-Dividend on June 15th

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) announced a monthly dividend on Friday, February 27th. Stockholders of record on Monday, June 15th will be given a dividend of 0.0555 per share by the investment management company on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Monday, June 15th.

BlackRock MuniAssets Fund Price Performance

Shares of MUA stock remained flat at $10.74 during trading hours on Friday. The stock had a trading volume of 58,000 shares, compared to its average volume of 93,289. The stock has a 50-day simple moving average of $10.66 and a two-hundred day simple moving average of $10.78. BlackRock MuniAssets Fund has a 1-year low of $10.02 and a 1-year high of $11.79.

Institutional Investors Weigh In On BlackRock MuniAssets Fund

Large investors have recently made changes to their positions in the stock. Hennion & Walsh Asset Management Inc. grew its position in shares of BlackRock MuniAssets Fund by 29.9% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 976,962 shares of the investment management company’s stock valued at $10,463,000 after purchasing an additional 224,943 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of BlackRock MuniAssets Fund by 105.0% in the third quarter. Advisors Asset Management Inc. now owns 216,330 shares of the investment management company’s stock valued at $2,401,000 after purchasing an additional 110,795 shares in the last quarter. PNC Financial Services Group Inc. grew its position in BlackRock MuniAssets Fund by 32.9% in the third quarter. PNC Financial Services Group Inc. now owns 230,843 shares of the investment management company’s stock worth $2,562,000 after acquiring an additional 57,181 shares during the period. Wealth Alliance LLC purchased a new position in BlackRock MuniAssets Fund in the third quarter worth approximately $704,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in BlackRock MuniAssets Fund by 3,439.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 247,897 shares of the investment management company’s stock worth $2,655,000 after acquiring an additional 240,894 shares during the period. 20.38% of the stock is currently owned by hedge funds and other institutional investors.

About BlackRock MuniAssets Fund

BlackRock MuniAssets Fund, Inc (NYSE: MUA) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. Managed by BlackRock, one of the world’s leading investment managers, the fund primarily invests in a diversified portfolio of investment-grade municipal debt obligations. Its holdings typically include general obligation and revenue bonds issued by state and local governments, utilities, and infrastructure entities across the United States.

The fund employs a combination of active security selection and duration management to navigate changing interest rate and credit environments.